Salt Pond Community Broadcasting Company
- Assets
- $657.3k
- Revenue
- $612.8k
- Investments
- $0.0
- Employees
- 8
- Location
- East Orland, ME
- Founding
- 04/1997
- Data as of
- 12/2022
- EIN
- 22-2513428
Organization Overview
Salt Pond Community Broadcasting Company is located in East Orland, ME. The organization was established in 1997. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2022, Salt Pond Community Broadcasting Company employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salt Pond Community Broadcasting Company is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Salt Pond Community Broadcasting Company generated $612.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $632.6k during the year ending 12/2022. While expenses have increased by 1.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WERU COMMUNITY RADIO IS AN INDEPENDENT, NONCOMMERCIAL, EDUCATIONAL MEDIA ORGANIZATION. WERU ENGAGES WITH THE LOCAL COMMUNITY TO PROVIDE DIVERSE MUSIC, INDEPENDENT NEWS, PUBLIC AFFAIRS AND CULTURAL CONTENT THAT ENTERTAINS, CONNECTS, INFORMS, AND INSPIRES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALT POND COMMUNITY BROADCASTING OPERATES WERU-FM COMMUNITY RADIO, WHICH PROVIDES MUSIC, NEWS AND PUBLIC AFFAIRS, AND OTHER CULTURAL CONTENT. PROGRAMMING RANGES FROM DIVERSE MUSIC (50 GENRES) TO NATIONAL HEADLINE NEWS (5 PRIME TIME HOURS PER WEEK) TO LOCAL PUBLIC AFFAIRS PROGRAMS. WERU MEETS A NEED IN OUR REGION FOR AN INDEPENDENT, COMMUNITY-BASED SOURCE OF ENTERTAINMENT AND INFORMATION. THE KEY TO THESE DIVERSE OFFERINGS IS ANOTHER IMPORTANT ASPECT OF WERU, WHICH IS THE COMMITMENT OF 175 VOLUNTEERS TO SERVE AS BROADCASTERS AND BEHIND-THE-SCENES WORKERS WHO REFLECT THE LOCAL COMMUNITY. VOLUNTEERS RECEIVE FREE TRAINING AND NO PRIOR EXPERIENCE IS NECESSARY.WERU'S MUSIC PROGRAMMING PROVIDES CITIZENS OF MAINE WITH A WIDE SPAN OF OPPORTUNITIES TO LEARN ABOUT DIVERSE FORMS OF MUSIC AND CULTURE, CREATING A CROSS POLLINATION OF LISTENER'S INTERESTS AND IDEAS. EACH WEEK, WERU BROADCASTS A DIZZYING ARRAY OF ZYDECO, GOSPEL, JAZZ, FOLK, INDIE ROCK, BLUES, AND REGGAE, JUST TO NAME A FEW.WERU'S HIGHLY RESPECTED LOCAL AND NATIONAL NEWS AND PUBLIC AFFAIRS PROGRAMMING PROVIDES LISTENERS WITH OPPORTUNITIES TO INTERACT THROUGH CALL-IN PROGRAMS WITH A WIDE VARIETY OF TOPICS AND PEOPLE. TOPICS ASSOCIATED WITH ECONOMIC DEVELOPMENT, EDUCATION, MARITIME ISSUES, NATIVE AMERICAN ISSUES AND PUBLIC HEALTH ARE JUST A FEW EXAMPLES OF THE WIDTH AND DEPTH OF OUR LOCAL PUBLIC AFFAIRS.2,100 INDIVIDUAL AND HOUSEHOLD MEMBERS AND 400 LOCAL BUSINESSES SUPPORT WERU, AMOUNTING TO OVER 70% OF ANNUAL INCOME. WERU RECEIVES APPROXIMATELY 22% OF ITS FINANCIAL SUPPORT FROM THE CORPORATION FOR PUBLIC BROADCASTING, HAVING MET RIGOROUS GUIDELINES FOR COMMUNITY INVOLVEMENT AND LOCAL SUPPORT.WERU'S BROADCAST SIGNAL REACHES A POTENTIAL AUDIENCE OF 200,000 PEOPLE IN MIDCOAST, DOWNEAST AND CENTRAL MAINE. WERU BROADCASTS 24 HOURS PER DAY, 365 DAYS PER YEAR, BOTH OVER THE AIRWAVES AND ON THE INTERNET. THE RADIO STATION WAS FOUNDED IN 1988.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pat Pugh President | OfficerTrustee | 1 | $0 |
Brian Conklin-Powers Vice President | OfficerTrustee | 1 | $0 |
Lynn Soucy Treasurer | OfficerTrustee | 1 | $0 |
Nancy Minott Secretary | OfficerTrustee | 1 | $0 |
Paul Anderson Director | Trustee | 1 | $0 |
Katy Green Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $337,700 |
| Fundraising events | $2,000 |
| Related organizations | $0 |
| Government grants | $42,356 |
| All other contributions, gifts, grants, and similar amounts not included above | $231,617 |
| Noncash contributions included in lines 1a–1f | $29,228 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $613,673 |
| Total Program Service Revenue | $0 |
| Investment income | $1,084 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$6,472 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $612,789 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $56,945 |
| Compensation of current officers, directors, key employees. | $16,514 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $264,456 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,600 |
| Payroll taxes | $27,377 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,191 |
| Fees for services: Other | $32,807 |
| Advertising and promotion | $0 |
| Office expenses | $35,626 |
| Information technology | $6,428 |
| Royalties | $0 |
| Occupancy | $13,234 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $57,649 |
| Insurance | $0 |
| All other expenses | $30,363 |
| Total functional expenses | $632,620 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $390,961 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $34,831 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $19,907 |
| Net Land, buildings, and equipment | $133,309 |
| Investments—publicly traded securities | $75,268 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,033 |
| Other assets | $0 |
| Total assets | $657,309 |
| Accounts payable and accrued expenses | $42,531 |
| Grants payable | $0 |
| Deferred revenue | $142,695 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $185,226 |
| Net assets without donor restrictions | $358,115 |
| Net assets with donor restrictions | $113,968 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $657,309 |